Over the next 50 years, the European Union will have to use natural gas as a key transition fuel in its energy mix. All in an effort to achieve climate neutrality, which will also be beneficial for companies such as CanCambria Energy Corp. (TSXV: CCEC), Equinor (NYSE: EQNR), Eni SpA (NYSE: E), New Fortress Energy (NASDAQ: NFE) and TotalEnergies SE (NYSE: TTE).
In fact, according to the European Union, “The EU aims to be climate-neutral by 2050 – an economy with net-zero greenhouse gas emissions. This objective is at the heart of the European Green Deal, and is a legally binding target thanks to the European Climate Law. The transition to a climate-neutral society is an opportunity to build a better future for all, while leaving no one behind. All parts of society and economic sectors will play a role – from the power sector to industry, transport, buildings, agriculture and forestry.”
In addition, as noted by Euractiv.com, “When replacing solid fossil fuels, natural gas and other gaseous fuels such as bio-methane and decarbonized gases can reduce emissions significantly with well-known and proven technologies and costs not hampering the EU competitiveness. Natural gas can curtail greenhouse gas emissions (60% less CO2 than coal) but also of dusts and other pollutants such as NOx and SOx (up to 99% less than coal).”
Look at CanCambria Energy Corp. (TSXV: CCEC), For Example
CanCambria Energy Corp. (TSXV: CCEC) just announced the results of the Company’s independent resource evaluation for the Kiskunhalas tight-gas play in southern Hungary dated April 30th, 2025, prepared by Chapman Hydrogen and Petroleum Engineering ltd (CHPE).
The company holds 100% working interest and 98% net royalty interest across the greater BA-IX mining license at the Kiskunhalas project. The report includes an area of 4,000 net acres with the Development Pending sub-class for contingent resources. The company’s 2023/24 proprietary 3D seismic program was fully utilized in the preparation of the report and integratesthree legacy wells; the dataset provides open-hole logs, core and gas test/production data. The resulting seismic-derived facies models provide a significant improvement over all older characterization efforts.
The CHPE best estimate for Contingent Resource volumes (2C Development Pending) is 627.4 billion cubic feet (BCF) natural gas and 66.5 million barrels (MMBBL) condensate/natural gas liquids (NGL) net to the company (un-risked).1 The net risked recoverable contingent resource (2C Development Pending) is 501.9 BCF natural gas and 53.2 MMBBL condensate/NGL.
CHPE best estimate for Contingent Resources (2C Development Pending) Net Present Value discounted at 10% (NPV10) assumes a price forecast of January 1st, 2025, is US$1,579,315,000risked at 80% chance of development and US$1,974,144,000 un-risked, with a rate of return (ROR) of 57.3% for un-risked case.
CanCambria’s Field Development Plan (FDP) comprises a total of 100 wells, with two phases each comprising 50 well tranches. Full FDP results in capital expenditure from CHPE (2C case) of US$947.9 million, discounted at the same 10% rate.
Dr. Paul Clarke, CEO & President, stated: “We are very pleased that this report supports CanCambria’s technical assessment of the field and development plan. The scale of the project makes this a very attractive venture with many years of potential drilling inventory. To validate these assessments, we are preparing a three-well appraisal program, to commence drilling in the coming months, as we seek strategic funding that preserves shareholder value and maximizes net asset value.”
Other related developments from around the markets include:
Equinor will after the annual general meeting 14 May 2025 commence the second tranche of up to USD 1,265 million of the share buy-back programme for 2025, as announced in relation with the first quarter results 30 April 2025. Execution of share buy-back under the tranche is subject to renewal of a board authorisation for share buy-back from the annual general meeting 14 May 2025 and agreement with the Norwegian State regarding share buy-back. In this second tranche of the share buy-back programme for 2025, shares for up to USD 417.5 million will be purchased in the market, implying a total second tranche of up to USD 1,265 million including shares to be redeemed from the Norwegian State. The tranche will end no later than 21 July 2025.
The Prime Minister of the Libyan Government of National Unity, Abdul Hamid Mohammed Dbeibeh, and Eni’s CEO, Claudio Descalzi, met in Tripoli today to review the progress of activities in the Country, namely the three projects sanctioned in 2023: Sabratha Compression, Bouri Gas Utilization Project and Bahr Essalam Structures A&E. The Sabratha Compression project is scheduled to be completed by the end of the year, contributing to support field production from Bahr Essalam. The Bouri Gas utilisation Project is progressing and start up is expected in 2026. Finally, the contracting strategy for Structures A&E is in execution, and the drilling of wells started in April. The meeting was also the occasion to discuss Eni’s exploration activities in the Country, as well as the potential opportunities projected by the recently launched bid round. The parties emphasized the role of these initiatives in contributing to sustain and increase gas production in the country while reducing carbon footprint as well as the development of local Human capital and technology sharing.
New Fortress Energy plans to announce its financial results for the first quarter of 2025 after 4:00 P.M. Eastern Time on Monday, May 12th, 2025. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company’s website, www.newfortressenergy.com. In addition, the company announced today that it has finalized a transaction with Excelerate Energy, Inc. to sell its assets and operations in Jamaica for $1.055 billion. Proceeds from the transaction will be used to reduce NFE’s corporate debt and for general corporate purposes. This transaction is expected to close in the second quarter of 2025 and marks a key step in NFE’s strategy to optimize its asset portfolio and enhance financial flexibility. The transaction includes the sale of NFE’s LNG import terminal in Montego Bay, offshore floating storage and regasification terminal in Old Harbour, and 150 MW Combined Heat and Power Plant in Clarendon, along with the associated infrastructure.
TotalEnergies’ Board of Directors meeting on April 29, 2025 under the chairmanship of Mr. Patrick Pouyanné, Chairman and Chief Executive Officer, decided the distribution of a first interim dividend of 0.85 €/share for fiscal year 2025, an increase of 7.6% compared to the three interim dividends paid for fiscal year 2024 and identical to the final ordinary dividend for fiscal year 2024. This increase is in line with the shareholder return policy announced by the Board of Directors in February 2025.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for CanCambria Energy Corp by CanCambria Energy Corp. We own ZERO shares of CanCambria Energy Corp. Please click here for full disclaimer.
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